Our Fraud Risk Management solution is part of an Enterprise Risk Management Framework to prevent, protect and detect material frauds that organizations face. The consequences of a fraud can be devastating to an organizations' financial health, reputation, legal liability and regulatory compliance. Failing to adhere to sound fraud risk management practices can lead to substantial fines and/or devastating customer impact.
"A proactive approach to managing fraud risk is one of the best steps organizations can take to mitigate exposure to fraudulent activities. Although it is most likely not possible or economical to completely eliminate all fraud risk, organizations can take proactive and constructive steps to reduce their exposure. The combination of effective fraud risk governance, a thorough fraud risk assessment, and strong fraud prevention and detection measures, along with coordinated and timely investigations and corrective actions, can significantly mitigate fraud risks." Office of the Auditor General of Canada
Our experience and expertise includes the following:
. Governance, Risk Assessment, Internal Control development and Monitoring Programs related to fraud and misconduct;
. Ethics and Code of Conduct Programs;
. Fraud Risk Management Policies;
. National and international investigations encompassing internal & external fraud, conduct issues and regulatory issues;
. Asset tracing and recovery (Civil and Criminal);
. Overseeing long term intelligence led Organized Crime projects, including liaising with other Financial Institutions and Law Enforcement;
. Control reports to management highlighting serious regulatory, reputational, risk and fraud issues:
. Industrial espionage, environmental and corporate fraud, political blackmail, labour litigation, unfair dismissal claims , workplace harassment, theft in workplace and credit card fraud;
. Conducting asset tracing, enhanced due diligence, security audits and investigations on behalf of major corporations, investigative companies and law firms in Canada, USA and Europe;
. Hiring controls are critical.
. Lecturing on investigative techniques to major companies and law firms; and
. Testifying in Courts (Civil or Criminal).
"A proactive approach to managing fraud risk is one of the best steps organizations can take to mitigate exposure to fraudulent activities. Although it is most likely not possible or economical to completely eliminate all fraud risk, organizations can take proactive and constructive steps to reduce their exposure. The combination of effective fraud risk governance, a thorough fraud risk assessment, and strong fraud prevention and detection measures, along with coordinated and timely investigations and corrective actions, can significantly mitigate fraud risks." Office of the Auditor General of Canada
Our experience and expertise includes the following:
. Governance, Risk Assessment, Internal Control development and Monitoring Programs related to fraud and misconduct;
. Ethics and Code of Conduct Programs;
. Fraud Risk Management Policies;
. National and international investigations encompassing internal & external fraud, conduct issues and regulatory issues;
. Asset tracing and recovery (Civil and Criminal);
. Overseeing long term intelligence led Organized Crime projects, including liaising with other Financial Institutions and Law Enforcement;
. Control reports to management highlighting serious regulatory, reputational, risk and fraud issues:
. Industrial espionage, environmental and corporate fraud, political blackmail, labour litigation, unfair dismissal claims , workplace harassment, theft in workplace and credit card fraud;
. Conducting asset tracing, enhanced due diligence, security audits and investigations on behalf of major corporations, investigative companies and law firms in Canada, USA and Europe;
. Hiring controls are critical.
. Lecturing on investigative techniques to major companies and law firms; and
. Testifying in Courts (Civil or Criminal).
